Natural Ingredients in Food Coloring Market Research

Natural Ingredients in Food Coloring Market Research

The global natural ingredients in food coloring market in terms of revenue grew at a CAGR of 6.2% from USD 1,559.0 million in 2020 to USD 1,865.9 million in 2023. This trend is expected to continue in the coming years with the global ingredients in food coloring market expected to grow at a CAGR of 6.9% from 2023 to 2028, reaching USD 2,605.7 million in 2028. Global demand for natural red pigments is driving the growth of the food coloring market. Anthocyanins, beetroot red, and certain carotenoids are leading the way in naturally-derived red pigments. However, the market for carmine is expected to have slow growth.

The global market size of the curcumin segment has grown rapidly, increasing from USD 86.2 million in 2020 to USD 110.2 million in 2023, representing a CAGR of 8.5%. In terms of penetration of the global overall natural ingredients in food coloring industry, curcumin segment increased from 5.5% in 2020 to 5.9% in 2023. Looking ahead, the growth of curcumin segment is expected to maintain its rapid growth. From 2023 to 2028, the size of the anthocyans segment is expected to grow at a CAGR of 7.7% to reach USD 593.7 million, at which time the penetration of anthocyans segment is expected to reach 22.8%.

The natural ingredients in food coloring market can be categorized into 7 end users, namely bakery, beverages, confectionery, dairy products, meat, meat alternative, and other products. The segment pertaining to beverages has witnessed a substantial revenue of USD 519.6 million in 2022. Furthermore, meat alternative is anticipated to attain a remarkable growth rate of 11.2% over the forecast period from 2023 to 2028, ultimately reaching a revenue of USD 72.8 million by 2028. The meat alternative market is experiencing significant growth opportunities for natural food color ingredients. Plant-based meat alternatives are fueling product innovation and offering healthier options, which in turn impact the demand for natural colors in the savory and snack industry. The category is witnessing strong double-digit growth and has become more mainstream as a large portion of meat eaters globally are looking to reduce their meat consumption.

In terms of geography, Europe has emerged as the dominant player in the natural ingredients in food coloring market studied in 2022. Following closely behind are North America and Asia-Pacific. The Asia Pacific natural colors market in the food coloring industry is currently in the growth stage and is expected to experience strong growth throughout the forecast period. This growth can be attributed to several factors, including the increasing consumer awareness regarding the health impact of synthetic dyes and the heightened regulatory stringency towards labeling requirements.

The prominent players operating in the global natural ingredients in food coloring market include Sensient Technologies Corporation, Oterra A/S, Koninklijke DSM N.V., Givaudan SA, International Flavors & Fragrances, Inc., Dohler Group, Archer-Daniels-Midland Company, GNT Group B.V., AromataGroup SRL, Symrise AG (Diana Food), ROHA Group, ChenGuang Biotech Group Co., Ltd., San-Ei Gen F.F.I., Inc., Sinochem Group Co., Ltd., Qingdao Scitech Biotech Co., Ltd., Yuan Longping High-Tech Agriculture Co., Ltd., Extractos Vegetales SA, Kancor Ingredients Limited, Synthite Industries Private Ltd., Plant Lipids Private Limited, among others.

This study aims to analyze the global market for various segments of natural ingredients in food coloring, including:

Product Type: Anthocyans, Betanin, Caramel, Carotenoid, Cochineal, Curcumin, Paprika, and Other Natural Color Ingredients.
End-User: Bakery, Beverages, Confectionery, Dairy Products, Meat, Meat Alternative, and Other Products.
Region: North America, Europe, Asia-Pacific, Rest of World (Latin America, Middle East, and Africa).